|
| | 103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB4684 Introduced 2/6/2024, by Rep. Tim Ozinga SYNOPSIS AS INTRODUCED:
| | | Amends the Rehabilitation of Persons with Disabilities Act. Provides that, notwithstanding any other law or rule to the contrary, funds held in an individual retirement account, a pension plan, an employer-sponsored 401(k) or 403(b) plan, or a plan established under the Self-Employed Individuals Retirement Act of 1962 shall be exempt and not counted as assets when determining an individual's eligibility for services under the Act. Requires the Department of Human Services to adopt rules that are consistent with the provisions of the amendatory Act. |
| |
| | A BILL FOR |
|
|
| | HB4684 | | LRB103 35711 KTG 65789 b |
|
|
| 1 | | AN ACT concerning State government.
|
| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
|
| 4 | | Section 5. The Rehabilitation of Persons with Disabilities |
| 5 | | Act is amended by adding Section 3d as follows:
|
| 6 | | (20 ILCS 2405/3d new) |
| 7 | | Sec. 3d. Asset exemption; retirement and pension plans. |
| 8 | | Notwithstanding any other law or rule to the contrary, funds |
| 9 | | held in an individual retirement account, a pension plan, an |
| 10 | | employer-sponsored 401(k) or 403(b) plan, or a plan |
| 11 | | established under the Self-Employed Individuals Retirement Act |
| 12 | | of 1962 shall be exempt and not counted as assets when |
| 13 | | determining an individual's eligibility for services under |
| 14 | | this Act. The Department shall adopt rules that are consistent |
| 15 | | with this Section. |